Appleton Exploration Inc. (TSX VENTURE: AEX) is pleased to announce
initial results from its spring 2010 reverse circulation (RC) and
aircore (AC) drill campaign on the northern and southern segments
of the Dialafara Prospect on the Manalo Gold Project, Mali, West
Africa. Highlights include 31 metres of 2.79 grams per tonne (g/t)
gold (uncut) in a broader interval of 61 metres of 1.62 grams per
tonne gold (uncut). Follow-up analysis by screen metallics methods
returned 1.43 g/t Au over the 31 metre interval and 0.95 g/t Au
over the 61 metre interval, confirming gold mineralization.
Table 1 - Highlights from MDL-10-086, Dialafara South
Segment
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Fire
From To Length Assays Check Screen Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL09-086 47 108 61 1.62 0.95
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incl 47 65 18 0.65 0.73
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incl 65 77 12 0.17 0.11
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incl 77 108 31 2.79 1.43
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incl 102 108 6 12.93 4.73
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incl 106 107 1 57.30 2.29
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The drill results above are part of the 4,300 metre, 37 hole RC
drill program and 3,771 metre, 67 hole AC drill program conducted
during March and April 2010. Maps showing drill collars locations
and tables of metre by metre results for each of the intervals
tabled in this news release are available on the Manalo Current
Exploration Page on the Company's website:
www.appletonexploration.com.
Appleton is earning a 100% interest from Delta Exploration Inc.,
a wholly-owned subsidiary of Rockgate Capital Corp.
Dialafara South Segment
Twenty-nine RC drill holes totalling 3,328 metres tested along
approximately 900 metres of the Dialafara South structure. To date,
results have been received for 5 holes from this area. MDL-10-086,
reported above, was collared under the central artisanal workings
where mapping indicates the presence of northeast and northwest
trending quartz veins in a stockwork. MDL-10-086 is situated
between holes MDL-09-053 and MDL-09-054, which returned 1.58 g/t Au
over 10 metres and 3.32 g/t Au over 18 metres, respectively, in a
west-northwest-trending quartz-rich structure. Significantly, gold
mineralization in MDL-10-086 extends 10 metres into rock without
quartz veining.
In addition, four holes, MDL-10-074 to MDL-10-077, located about
150 metres northwest of MDL-10-086 in the northwest artisanal
workings on the Dialafara South structure intersected weakly
mineralized quartz veining proximal to the main structure. Their
highlights are tabled below. These four holes are in the vicinity
of previous drilling, which included 27 metres averaging 0.50 g/t
Au from MDL-09-068.
Table 2 - Other Highlights from Dialafara South Segment
------------------------------------------------------------------------
Fire
From To Length Assays Check Screen Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
------------------------------------------------------------------------
MDL09-074 70 84 14 0.20 0.33
------------------------------------------------------------------------
and 108 116 8 0.32 0.47
------------------------------------------------------------------------
MDL09-076 33 39 6 0.28 0.54
------------------------------------------------------------------------
and 69 70 1 1.81 5.43
------------------------------------------------------------------------
Dialafara North Segment
MDL-10-079 intersected high-grade gold mineralization associated
with quartz veining at the bottom of the hole. MDL-10-079 returned
6.54 g/t Au across 10 metres by fire assay and 2.30 g/t Au by
screen metallics methods. MDL-10-079 was collared 50 metres
northwest of section MDL-09-046 and MDL-09-062, which intersected
2.80 g/t Au over 11 metres and 1.03 g/t Au over 9 metres,
respectively. MDL-10-080 was collared too far to the southwest so
failed to reach the mineralized structure. Thus, this mineralized
zone remains open to the northwest, heading toward mineralization
identified some 750 metres to the northwest.
MDL-10-081 to 085 tested 400 to 700 metres southeast of
MDL-10-079, southeast of the Dialafara north artisanal workings.
MDL-10-081 was collared approximately 60 metres southeast of
MDL-09-065, which intersected 7 metres of 34.97 g/t Au.
Table 3 - Highlights from Dialafara North Segment
--------------------------------------------------------------------------
Fire
From To Length Assays Check Screen Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
--------------------------------------------------------------------------
MDL-10-079 114 124 10 6.54 2.32
--------------------------------------------------------------------------
incl 118 124 6 10.75 3.82
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incl 119 120 1 50.80 13.90
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MDL-10-081 62 69 7 0.43 0.17
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MDL-10-082 50 57 7 0.65 0.61
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MDL-10-084 97 100 3 0.94 0.88
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Dialafara North Segment - NW Step-out
One RC hole, MDL-10-078, was drilled to test low-grade
mineralization intersected in aircore drilling in 2009. MAC-09-001
intersected 0.17 g/t Au across 30 metres. MDL-10-078 intersected
anomalous gold values between 95 and 116 metres downhole, including
1.28 g/t Au over 2 metres. A new fence of aircore drilling
comprising 8 holes stepped 100 metres to the south, intersecting an
8 metre interval averaging 0.73 g/t Au in MAC-10-099. This
structure is on strike with Dialafara north segment mineralization.
MAC-10-096 also intersected 10.65 g/t Au over 1 metre in a 4-metre
moderately quartz-rich structure.
All samples were analyzed by 50 gram fire assay. Samples
identified in potentially mineralized zones or that returned
anomalous (greater than 0.10 g/t) gold values were checked with
screen metallics analysis. Previous work suggests that Manalo hosts
moderate coarse gold.
Quality Control and Assurance
The widths and grades reported are drill intercept widths and
may not represent the true width of mineralization. Individual gold
assays have not been cut but high grade samples have been
separately reported in the table above. Samples are reverse
circulation cuttings collected using a cyclone in 1 metre intervals
that are riffle split at the drill site. Samples are assayed by
fire assay (50 gram charge). Zones of quartz veining and limonite
were submitted for check assays by the screen metallic method in
order identify the presence and significance of coarse gold in
samples. The primary laboratory is ALS Chemex in Bamako, an ISO
17025 certified laboratory. Standard, blank and duplicate samples
were inserted throughout the sample sequence as quality control
checks. Both Chris Wild, P.Eng. and Paul Cowley, P.Geo., director
of Appleton, are qualified persons for the drilling campaign.
About Mali
Mali is the fastest growing gold producing country in Africa.
Production in 2007 amounted to 2 million ounces of gold making Mali
Africa's third-largest gold producer after South Africa and Ghana.
AngloGold Ashanti Limited, one of the largest gold mining companies
in the world, has interests in three operating mines in Mali:
Sadiola, Yatela and Morila.
On Behalf of the Board of Directors,
"R. Tim Henneberry"
R. Tim Henneberry, P.Geo., President and CEO
Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is
the Qualified Person as defined in National Instrument 43-101, who
has reviewed and approved the technical content of this news
release.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements, other than statements of historical fact, constitute
"forward-looking statements" and include any information that
addresses activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
including the Company's strategy, exploration programs, plans or
future financial or operating performance and other statements that
express management's expectations or estimates of future
performance.
Forward-looking statements are generally identifiable by the use
of the words "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project"
or the negative of these words or other variations on these words
or comparable terminology. All such forward-looking information and
statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. These statements, however,
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed, implied by or projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects,
risks related to international operations, the actual results of
current exploration activities, conclusions of economic
evaluations, changes in project parameters as plans continue to be
refined, future prices of gold, as well as those factors discussed
in the sections relating to risk factors of the Company set out in
the Company's MD&A filed on SEDAR.
There can be no assurance that any forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, the reader should not place any undue reliance on
forward-looking information or statements. Except as required by
law, the Company does not intend to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events.
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Contacts: Appleton Exploration Inc. Tim Henneberry President and
CEO (604) 694-0741 Contact Financial Corp. Investor Relations (604)
689-7422 or Toll Free: 1-877-689-7411
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